Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.
Just a friendly reminder: Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.
If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a meeting to address your specific requirements and provide you with the guidance you need.
Sample Trading System
The following trading system is presented as an educational example and should not be interpreted as financial advice. Past performance does not guarantee future results, and trading involves inherent risks. Please consult with a qualified financial advisor before implementing any trading strategies.
Canadian Daily Setups
ATD.TO – Alimentation Couche-Tard, Inc.
Alimentation Couche-Tard is now breaking out from the rounded bottom pattern that was recently highlighted.
LINK TO CHART – https://schrts.co/FuVJrNCw
BLX.TO – Boralex, Inc.
Boralex continues to set up below a potential trigger line. Monitor for any breakout signals.
LINK TO CHART – https://schrts.co/rxUsVMqg
GLXY.TO – Galaxy Digital Holdings Ltd.
Galaxy Digital continues to consolidate above the upper trendline of its continuation pattern. Take note of the large volume-by-price bar located on the left side of the chart, which suggests a major area of accumulation.
LINK TO CHART – https://schrts.co/XEffgwBj
LGO.TO – Largo Resources Ltd.
Largo Resources is attempting to break out from a bottoming pattern. Monitor for any signs of sustained momentum, which may confirm the breakout.
LINK TO CHART – https://schrts.co/SJbBqPYW
LLY.NE – Eli Lilly & Co – Canadian Depository Receipt
Eli Lilly demonstrates relative strength on a challenging market day, with price action consolidating near its recent high.
LINK TO CHART – https://schrts.co/GGVchauZ
TCW.TO – Trican Well Service Ltd.
Trican Well Service continues to consolidate toward the apex of a significant multi-month consolidation pattern. Keep an eye on the price action as it approaches the apex, as a directional breakout from this pattern could indicate the next major trend.
LINK TO CHART – https://schrts.co/VtxBRVUV
To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, and we encourage you to share your recommendations. Stay attentive to the Daily Setups, the Workspace, and the Watchlists for emerging opportunities. Additionally, be sure to explore the scanner result PDFs provided below. Until next time, happy trading!
Canadian Scanner Results
Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.
EXPORT – Canadian Scanner Results – 2024-05-23
AAV.TO, ABRA.V, AGF/B.TO, AGI.TO, AKG.TO, ALDE.V, ARE.TO, ARIS.TO, ASM.TO, ATD.TO, ATD/A.TO, BLX.TO, BMO.TO, BRVO.V, BTB/UN.TO, CHR.TO, CMG.TO, DFN/PA.TO, DRX.TO, DSV.TO, EFR.TO, FSY.TO, FVI.TO, GIL.TO, GOOS.TO, GRA.TO, HPS/A.TO, HRX.TO, HWO.TO, IAG.TO, KTN.V, LCX.V, LGO.TO, LLY.NE, MAL.TO, MRU.TO, NGEX.TO, NOVC.TO, NVDA.NE, OGN.V, PACT.CA, PAY.TO, PBY/UN.TO, POW.TO, PSI.TO, RAY/A.TO, RECO.V, REG.V, SAP.TO, SEI.V, SWP.TO, TCW.TO, VNP.TO, VOXR.TO, WIL.V, WN.TO, ZDC.V
